by Dean Baker Center for Economic and Policy Research The inflation hawks took March’s CPI as cause for celebration, inflation may not be dead yet. There is no doubt that it was a disappointing report for those hoping we could put the pandemic inflation behind us. However, there still is not much basis for thinking […]
– by New Deal democrat The Bonddad Blog [NOTE: After traveling all day yesterday, I decided to put off any comments on the CPI upside surprise until later today. Short version is that shelter continues its slow decent, gasoline picked up, and services are accelerating as one might expect in a strong economy with the supply […]
Biden is at it again. This time with Intel in AZ. With all the issues with passing a budget since earlier last year, I wonder how Biden and the Dems got this out of Congress. Must be some pretty good pork involved with these programs to get approvals. Companies are kicking in $240 billion in […]
– by New Deal democrat I neglected to post this over the weekend, so I will post it now…. Weekly Indicators: The Coincident Indicators Say ‘Soft Landing Is Here.’ – Long Leading Indicators Show Improvement – Short Leading Indicators are showing mixed results. – Coincident Indicators suggest a Soft-Landing scenario for 2024. “My “Weekly Indicators” update […]
I touched on a commentary at another site where the commentary was about healthcare. The sites author was advocating for the increase of the Social Security cap only on high income earners. There is a ground swell for taxing the rich more, which is acceptable to most. When we look at this closely, there is […]
EVs are certainly proliferating, not only here in East Providence but all over the planet. However, Hertz’ retreat from the rental market demonstrates the challenges facing companies with large fleets of vehicles. Hertz cuts EV fleet by a third Trucking companies have a lot invested in their diesel engine-powered truck fleets, and of course, many […]
– by New Deal democrat The Bonddad Blog New Deal democrat has been writing and featured at Angry Bear for years now. His economic outlooks have been accurate with few exceptions. As always the US economy is independent of us in the short term. Read on as NDd’s remarks are focusing on a sound labor […]
An older salesman (Lou Haer) used to call on me at Oscar Mayer when I was buying all of OM’s packaging and labels. We would talk and have lunch. Visited him at his home in the suburbs of Chicago with my three and my wife. He took my two younger boys and I trout fishing […]
The Biden administration will soon roll out a new student loan forgiveness proposal that could impact millions of Americans. For years, Joe Biden has been against Student Loan forgiveness. Now he is seeking forgiveness for making student loans totally unforgiveable. The proposed student loan program is smaller in scope than President Joe Biden’s first education debt relief plan which the Supreme Court ultimately […]
In sum, this month’s report was very much consistent with a “soft landing” scenario, which must be regarded as the default outcome at this point. Read-on for the details . . . – by New Deal democrat The Bonddad Blog In the past few months, my focus has been on whether jobs gains are most consistent […]